Ravencoin Intro

Ravencoin, a fork of Bitcoin, is a relatively young token; it’s only since January 3, 2018 that it’s been hovering among the crypto currencies. But in the last months, the coin has attracted attention thanks to its price meteoric rise. The name is the fictitious one, is borrowed from the fictional world of Game of Thrones.

The official medium post for Ravencoin describes it as “a digital peer-to-peer network for the facilitation of asset transfers”.

It is essentially an open source fork of the Bitcoin code with faster block reward times and is aimed at censorship resistance, transparency and privacy.

Ravencoin was created from the Bitcoin codebase but utilizes the X16R mining algorithm. The ASIC-resistant coin utilizes 16 different mining algorithms which automatically further increases the security of the network.

Ravencoin blockchain is designed to serve specific purposes. On the one hand, it should help to determine ownership of assets in a flawless manner. On the other hand, Ravencoin, similar to Bitcoin, wants to make direct payments possible. As the open source project on the homepage emphasizes, it is completely decentralized: Neither master nodes nor especially nor ICO are behind the project.

Ravencoin (RVN) has all the properties of a good crypto project: no ICO, no founders holding majority of coins, it is a PoW project where anyone can mine it with their CPU thanks to the ASIC resistant design of the mining algorithm, it is backed by couple of reputable names of the crypto space like Bruce Fenton and Tron Black, it pays homage to Bitcoin and is very respectful of the work of the core developers from which it was forked which in turn secures them the help from couple of those Bitcoin developers etc.

The whole crypto market is currently on the verge of a real bull run.

There is no broader consensus as crypto analysts are divided as some of them are still calling this market a bull trap.

Others, lead by famous on-chain experts like Will Clemente and Willy Woo, are calling this a preparation stage for a face-melting bull run. As always, bitcoin has the final say and altcoins will follow suit once the flag bearer decides the direction. Right now, Bitcoin is sucking the life out of altcoins but once it settles in the new price range, altcoins will start to pump - we have witnessed this scenario dozens of times in the distanced and more recent history.

Our price prediction model is bullish for the next 90 days with a hint of a bear market at the turn of the year. We expect whales and other bigger players in the market to take their profits around that time which will cause a typical and sudden crypto crash.

CaptainAltcoin team created a price prediction model with a multi-faceted approach to crypto that takes into account both technical analysis and fundamental assessment of each project.

Fundamentals that we evaluate are team, tokenomics, use case, community, marketing efforts, liquidity and exchange availability, hype & speculative potential and some other proprietary factors developed in our crypto lab.

Below is a tabular overview of how will RVN develop in the short-term (for the next 90 days), according to our prediction model:

Quick reminder for crypto newcomers

Essential tools you need to succeed in crypto are a good exchange, safe hardware wallet and a reliable crypto tax tool.

If you plan to be a day trader, then a good charting tool and efficient trading bot are also a must.

If you plan to …

Essential tools you need to succeed in crypto are a good exchange, safe hardware wallet and a reliable crypto tax tool.

If you plan to be a day trader, then a good charting tool and efficient trading bot are also a must.

If you plan to be a holder, then why not put that crypto to work by borrowing it out on crypto lending platforms.

Below are our recommendations:

Exchange: Binance for highest liquidity and coin choice. Gate.io & KuCoin for gem hunters. ByBit for leveraged trading (Margex for really crazy leverages).

Safe hardware wallet: Ledger Nano X, Trezor or CoolWallet Pro.

Tax Tool: Koinly, Cointracking or ZenLedger.

Charting tools & bots: Bitsgap, Coinrule or Cryptohopper.

Lending platforms: BlockFi (for US residents), YouHodler (for EU and rest of the world).

Majority of experts agree that this bull run will be an extended one and could last the whole 2022. CaptainAltcoin’s prediction model takes market sentiment into an account and reacts accordingly. Below is a month-by-month breakdown of 2022:

Our prediction model sees RVN reaching $ 0.283 in 2025.

The price of RVN in 5 years could lie around $ 0.347, according to CaptainAltcoin’s prediction model.

However, not all projects have the same chance of failing (risk), nor do they have the same potential upside (reward).

As a result of ICO teams’ incompetence and lack of integrity, fueled by basic human instinct that is greed and crypto investors’ naivety, over 95% of successful ICOs and cryptocurrency projects will fail and their investors will lose money. The other 5% of projects will become the new Apple, Google or Alibaba in the cryptoindustry. Will RVN be among those 5%?

Good probability of that happening.

Raven’s potential based on use case as a platform for assets in a market that is moving to a tokenized model which is anticipated to be a 10-40 trillion dollar market space is top 5-10 level. If it gets to that range, even with the rest of the market in doldrums, you are looking at dollars not cents. If Raven manages to capture a fraction of a percent of that market it is dollars not cents.
This is the killer app of blockchain, this will take time to develop, but if raven reaches anywhere near its potential this stage will hardly register in the all time charts.

No matter how strong the project, there will always be doubters and those who ask is Ravencoin dead and why will it fail. Below are some of the price depressing factors you should consider before buying RVN.

Most recent bull run still keeps RVN holders in the bull delirium and they start dreaming about some unrealistic price levels, like reaching the $1 mark. The inflation of RVN is massive, 7.2 million new coins enter the circulation every day diluting the value of the existing supply. Its current available supply is 2.2 billion, so there is a lot of coins to enter the circulation before we reach 21 billion total supply.

Supply/Demand is a simple economic factor that affects the price of many things. If a cryptocurrency has a high token supply with little demand from traders and users, then the cryptocurrency’s value will drop. Conversely, if the supply of a particular cryptocurrency is limited and the demand is high, then the value of the coin will increase. Supply of RVN coins is not huge right now but keeps growing at a big rate, as already mentioned. This is a negative, downward pressure on the RVN price.

This dynamic is tied to another basic economic principle, scarcity. Scarcity refers the gap between limited – that is, scarce – resources and theoretically limitless wants. With 21 billion of tokens, RVN is anything but scarce, at least for the current level of its adoption.

So why will Ravencoin rise and go up in price? There are a lot of potential price catalysts, some of them are brought about below.
The upward price pressure will be exerted with the adoption as every new asset creation event burns 500 RVN, mitigating the inflation and lowering the coin supply. The more users on the RVN platform, the better for its price.

Ravencoin has a big company backing it – Overstock is one of the largest investors in the project. Also Medici Ventures is a big fund that is a public and open supporter of Ravencoin that already used RVN to make a $3.6 million security transfer over the RVN blockchain.

Another positive price factor will be also adoption-related. If a company decides to put their shares on the Raven blockchain and pay dividends to token holders they must pay them RVN. This means that once a quarter / year (however it is decided) they will need to acquire enough RVN to pay out in the form of dividends.

All of this indicates that Ravencoin has a solid team behind the project that has a really steep mountain in front of itself that needs to be conquered. Holding RVN in 2020 and beyond is a high risk but even higher reward situation. So, if your appetite for risk and investing profile mixes well with this type of asset, Raven and your portfolio would fit like a hand and glove.

All of this summed up means one thing: Ravencoin might live through couple of orchestrated and, for a regular trader, completely unpredictable pumps but the majority of time will be murky sideways trading with small volume and no significant interest from the market.

Price will heavily depend on what BTC will do and since many analysts think BTC will not be making big moves in this year, it is hard to expect Ravencoin will do them either. The price will probably stagnate and record slow-moving depreciation or appreciation depending on the team activity, potential technological breakthrough or high-level partnership.

We don’t yet know which crypocurrencies will make it out of the crypto winter we’re wandering in right now. There are plenty of coins that stand a good chance of weathering the crypto storm and perhaps becoming more relevant as the market contracts and devours some of the weaker projects. However, there are even more of those projects who are already dead but no one noticed yet.

But, looking at things from this point in time and place, it’s reasonable to say that Ravencoin had its five minutes of glory that was based solid fundamentals and broader market discovering the project. It is now time for RVN to step up and continue to deliver valuable and palpable successes to justify the very high expectations investors pinned onto it.

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The post Ravencoin Price Prediction 2022 | 2025 | 2030 – Future Forecast For RVN Price appeared first on CaptainAltcoin.

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